Actuarial Intern Summer 2027 (CMH Health)

Exciting Summer 2027 internship opportunities!

Join our CMHâHealth Practice!

MillimansâCMH Health Practice is looking for motivated college students pursuing a bachelors or mastersâdegree to participate in a summer actuarial internship. We offer competitive pay with the opportunity to work on real world assignments in our vibrant dynamic and growing health consulting practice. This summer internship requires candidates to work four days per week (Monday through Thursday) at one of our three CMH Health office locations (Chicago Illinois Milwaukee Wisconsin or Hartford Connecticut). Friday is an optional work day from home.

Who We Areââ

Independent for more than 75 years Milliman delivers market-leading services and solutions to clients worldwide. Today we are helping companies take on some of the worlds most critical and complex issues including retirement funding healthcare financing risk management regulatory compliance data analytics and business transformation.â

Our Actuarial Internship Provides You

• Challenging assignments with practical on the job experience
• Work alongside some of the leading experts within the healthcare industry
• An opportunity to present on your summer experience
• Exposure to a variety of actuarial functions including experience studiesvaluation pricing model development and forecasting
• An opportunity to work alongside Milliman actuarial consultants includingthose in senior management
• Development of your technical skills with platforms such as Excel VBA Pythonand SAS
• Attendance at professional staff meetings and department meetings
• Day of exam sitting is paid time off
• Mentorship from experienced actuariesâ
• Housing stipend may be providedâ
• Competitive pay
• Prospect of securing a full-time position with Milliman

Job Responsibilities

• Perform data analysis using Excel VBA SAS Python and proprietary Millimanprograms to assist with consulting for various healthcare segments (Medicare Advantage and Part DâCommercial / ACA Medicaid Long Term Care Pharmacy Provider and more)
• Participate in consulting activities includingâpricing reserving financialprojections model development forecasting and mergers and acquisitions
• Responsible for reviewing the work ofâpeersâand assisting with research andproduct development
• Coordinate with Consultants Managers Professional Staff and Interns as aproject team to present client reports and deliverables
• Responsible forâthe majority ofâthe technical work which may include analyzingdata completing actuarial calculations developing and utilizing actuarial models and implementing software solutions

Minimum requirements

• Pursuing aâbachelorsâor masters degree in actuarial science mathematicseconomics finance accounting or another major with quantitative course work
• At least one actuarial exam passed
• Must be able to work onsite at least four days (Monday through Thursday) per week throughout the duration of this summer internship at one of our three CMH Health office locations (Chicago Illinois Milwaukee Wisconsin or Hartford Connecticut).
• Junior standing is preferred will accept sophomore standing at time ofapplicationâ

Competencies and Behaviors that Support Success in this Role

• Ambition and excitement for professional development within the actuarialfield
• Good academic standing (3.2 grade point average or above is preferred)
• Previous internship or relevant work experience
• Leadership experience and involvement in extra-curricular activities
• Experienceworking with SASâVBA or other coding languagesâis advantageous
• Strong communication skills (both verbal and written)â
• A detail-oriented self-starter with an entrepreneurial spirit inspired tocontribute to the success of any project
• Analytical thinking skills to evaluate analyses forâdownstream impact
• Can complete project deliverables meet deadlines and ensure compliance withquality proceduresâ
• Strong time management skills
• Ability to work independently andâin a team environment
• Demonstrates integrity in all functions of work

Candidates should haveâacademic exposure to Microsoft Excel and basic actuarial concepts.

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

The Teamâ

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issuesfrom assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted comprehensive set of cost guidelines in the industry.â

Through a team of professionals ranging from actuaries to clinicians technology specialists to plan administrators we offer unparalleled expertise in employee benefits investment consulting healthcare life insurance and financial services and property and casualty insurance.â

Location:

Candidates must be able to work onsite at least four days per week (Monday through Thursday) at any one of our three CMH Health office locations (Chicago IL Milwaukee WI or Hartford CT). The expected application deadline for this job is January 17 2027.

Compensation:

The overall range for this role is $21 - $46. For candidates residing in:

• Alaska California Connecticut Illinois Maryland Massachusetts New Jersey New York City Pennsylvania Virginia Washington or the District of Columbia the range is $23 - $46.
• All other locations the range is $21 - $37.

A combination of factors will be considered including but not limited to education relevant work experience qualifications skills certifications etc.âThis is a non-exempt overtime eligible role.

Benefits:

• Employee Assistance Program (EAP) Confidential support for personal and work-related challenges.
• 401(k) Plan When an employee reaches 1000 hours worked within 12 consecutive months they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
• Paid Time Off (PTO) Begins accruing on the first day of work; Interns Temporary and Seasonal Employees will earn PTO each pay period based on 1 hour for every 30 hours worked.
• Transportation Pre-tax savings for eligible transit and parking expenses.

Equal Opportunityâ

All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation national origin disability or status as a protected veteran.

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Required Experience:

Intern